As a business owner with an LLC, you have several annual obligations to stay compliant with federal and state regulations. Here are the key requirements:
Federal Obligations
Tax Filings
Even if your LLC doesn’t owe US taxes, you must file certain forms:
Single-Member LLC: Must file Form 5472 and a Pro-Forma Form 1120 to report transactions between the LLC and its foreign owner
Multi-Member LLC: Must file Form 1065 (US Return of Partnership Income) and provide Schedule K-1 to each member
Withholding Taxes
If your LLC earns US-sourced income, you may need to withhold and remit taxes on payments to foreign owners.
Economic Nexus Compliance
If your LLC has a physical presence or significant business activity in a state, you may need to file additional tax forms.
State Obligations
Annual reports: Most states require LLCs to file an annual report and pay a renewal fee to maintain good standing
State taxes: Some states impose franchise taxes or gross receipts taxes, even if your LLC doesn’t generate income
Registered agent requirement: You must maintain a registered agent with a physical address in the state where your LLC is formed